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of taper. it gives them comfort that the economy is doing well. i think friday's job report and some other items recently, i think investors are getting comfortable if it does happen in december. >> if it does happen, they say the fed is more likely to wait and happen next year. what is the fed going to be looking at at this point? you see a stronger jobs number. it's tough for a hawk to say that the feds have a definitive breakout pattern. >> that's right. our economists are saying the fed is probably interested in trying to begin the taper process. i think january is a better date. i think that will help. if we can see spending, we'll see how that will be a factor. >> you said at the end of november that december is likely to be a pretty strong month for the market. last week was a down week. what do you think the month will bring at this point? >> i think investors will want to finish the year strong. i think they're optimistic about 2014. there's still a bit of performance chasing taking place. then our position data we track, hedge fund and mutual fund data and broader macro fund posi
't worked. the president pours a trillion dollars into the nation's economy when you divided it out, it was about $400,000 per ild. the problem with a government stimulus is you pick the winners and loser rs. with this stimulus i'm talking about, a free market stimulus, you simply leave the money in the hands of those who have earned it, so the customers have pickeded out thesuccessful people. those people get more money. like i met a young man, young african man who has his own restaurant. his first question is do you have any tax breaks for me for my business. that's what what would do. help people in business and trying. >> but i don't have to tell you senator, republicans have a steep hill to climb in inner city neighborhoods. in detroit in november, 97% of detroit voters supported president obama. 2% voted for rom thi. the black unemployment rate nationally is still 12.5% and right now, president obama is calling out the gop for what he says is your party to extend long-term unemployment benefits. take a look at what he says. >> for decades, congress has voted to offer relief t
refuses to act, it won't just hurt families already struggling. it will actually harm our economy. unemployment insurance is one of the most effective ways there is to boost our economy. >> well, our business panelists here to debate what we lose and what we gain if those benefits end. make your way over here, biz whizzes. >>> time for a quick check of your headlines. watch out below. amazing video. sheets of ice raining down from the rooftops at an apartment complex in plano, texas. nobody was hurt. >>> new video of a mini van packed with kids, the new mexico state trooper canned for firing the shots appealing his dismissal. in a statement his attorney says every day police officers put themselves in danger to protect the public. the driver of the mini van had been stopped by another trooper for speeding. she fled twice after that officer tried to give her a ticket and arrest her. >>> in phoenix a gunman surrender after an hours long standoff with police at a hospital. the man was also armed with a knife. before police arrived he pulled the gun and barricaded himself in a bathroo
to the economy. the effect that it could have, people have to have the wherewithal. if it did not have the appropriate planning where we get the money? many people live paycheck to paycheck. they have to look to the investments to liquidate which may not be the best with the rise in the interest-rate, the rise of the stock. gerri: interesting. >> it really becomes important for people to plan now so that they can have the cash or with all. gerri: to you think this will have an economic effect? >> absolutely. gerri: people been yanking money out of stocks and savings, looking under every politician that they can find to find the money to pay this tax bill. >> yes. and that will take effect in april. and people will see that. and that trickle-down effect will hopefully be able to have people working effectively so that when they can minimize the taxes ifs. gerri: it is just so funny. a lot of this is because of obamacare, because the four will correct. like somebody tweeted the other day, i like to obamacare. ides is not to not realize i was paid for it which is exactly what will happen
in education, investments in infrastructure, and trying to figure out an economy that works for all i think is important. take tomorrow, fast food workers. 100 places where the fast food workers are going to be staging strikes. and who are the fast food workers now? it is no longer 18-year-old, 19- year-old, 20-year-old kid trying to get into college, or in college and doing this is a job. when you go to mcdonald's, when you go to walmart, you are seeing people in their 60s and 70s. this is wrong. and so i think there is a sense we will see. so, but, in terms of my belly wake, public education, on december 9 there will be over 60 events, 60 cities, counties, towns, and more coming every day, of parents, community groups, clergy, are union foundations talking about how to do bottom up reform, solution reform, community-based reform that actually helps kids be more successful than schools. so we are seeing this community work and this bottom-up organizing in public education, as well as in economic issues. job issues. >> mr. sellwood. >> you mentioned that we should not have a race to the bot
:00 p.m.'s economy slowed more than estimated last quarter. gdp was 1.1%. that was revised down from the first estimate. business spending was weaker than initially thought as companies are cautious on their economy. protesters poured into the streets of kiev. they fear that the president is going to bring the country into an economic bloc led by russia. this followed a rally where they tore down a statue of vladimir lenin. and a chance to own a piece of the sydney opera house. you can own a tile for as little as $90. you do not own it physically, but you can personalize it online, giving you virtual ownership. fundraiserart of a to pay for the renovations. >> i would do that. people buy stars for each other, why not buy a piece of the opera house. >> there is a birthday gift for tom. >> time for single this chart. what do you have? >> he is going to become the ceo of time warner cable. there is work that the company will be acquired soon. rob marcus has a big payday coming. he could go out the door with a golden goodbye. we wanted to take a look at what other recent severance packag
of november on optimism that the us economy is on the path to recovery and there this week may provide further evidence of that one protocol stack. here are starting off the new week and the final month of the year. the good of an email a guard standing by the tokyo stock exchange the meta twenty of the new also he stops just a touch on friday about mart big gains for the month. i think shaping up this monday morning. and how much i use indeed i'd like to be games for the nikkei last the month i actually rose nine point eight percent on the month of led largely by the stronger taller that we saw which was a lot of exports but let's not let see if i were taking off up to date december seconds and a bit of a mixed picture here of the nikkei just marching in the negative topics just barely in the positive we'll see how that develops. now i know you can take over key economic data may arise but the house in the sense that the u s jobs data on friday is going to be the big focus for today because it's gotta be the last one before the federal reserve policy meeting on december seventeenth and eighte
consumers and the economy. plus a look at the health of the obama care exchange after two months, and why some states want to blaze their own trail. >>> and a blast of the 401k returns. the latest controversy. i'm david shuster, and this is real money. ♪ >> this is "real money," and you are the most important part of the show. so join our live conversation for the next half hour on twitter @aj real money. black friday has come and gone, but cyber monday is upon us. today is the day that men many americans take advantage of shopping dials online. sales dropped 3% from last year so a lot of economists are counting on the online surge to soften what normally would be considered an abysmal weekend. in terms of shear volume the shottener is not helpful. an estimated 59 million americans did some christmas holiday shopping online over the weekend averaging purchases $178 each. that is up from last month's figures. now a projected jump in cyber monday sales of 18.7% compared to last year. but most americans do the majority of their holiday shopping the old fashion way by cramming into malls, d
. they've got a good monetary policy, lower corporate tax rates than we have. their economy is growing better. but when it comes to health care, they come across the border. >> well, the wealthy and those that can afford to come across the border do. but those that can't get access to health care in america are stuck in emergency rooms with high temperatures waiting to get their children taken care of. i concede this is a mess. we may have tried too much too fast and on a partisan basis. i've said we should hit the reset button and open ourselves up to new ideas. and larry kudlow always has new ideas, even if they're conservative. >> i appreciate that and appreciate your honesty. republicans are licking their chops about the elections coming up in 2014, roughly a year from now. we're going to talk more about that later in the show. what i want to ask you is, what can you do for a simple, transparent, compassionate response to the breakdown of obama care? i have an answer. but i want you to go first. >> well, with any health reform proposal, we have to look first at the root cause of th
for the to be american economy and the global onomy as well. we are coming right back. the obama administration touting dramatic improvements out of healthcare.gov, and that is not what we are finding. we will be talking with the former director, tom scully, on what is really going on withtÑ lou: our first guest is here to serve at least partly as a tutor for you will end me. he says that obamacare is the biggest middle-class entitlement ever conceived and he says beyond the flawed website, we need to stay focused on the fact that health care law spends too much on the wrong people. joining us tonight is tom scully. he is the former leader for medicare and medicaid services during the bush administration and also a health policy staffer in the bush xli white house. in a new york privatee equity firmexpert on health care. we are hearing great skepicism our own reporters and correspondent, peter ducey, getting error messages when he logs on and it looks to be a bit of a mess. what do you think? >> i'm sure 's getting better, i think it's a lot better from a consumer point of view from what i can tell. i
that expanding sunday work to help the economy employees at this home improvement store have fought for months to work on sundays we continue to spare during the week i decided to get twenty find unison. mawson working on a sunday is a choice for me to be doing the years. i'm happy about that a government commissioned report says greater flexibility and clarity are needed. he recommends reducing the number of allow working some tasty. while confined it also recommends revue in commercial zones are determined to break down shops and stalls easier open on sundays because the famous and the music for stone that department stores next to the opera remain closed. and not slacking on sundays here in france is the subject of the debates which starts right now with costs october which is already started here and here on the set many things like their pride. in the newsroom. also tongs has made good on his promise france's president promising to reverse the trend of unemployment before the end of the year last thursday news came and twenty thousand jobless went back to work well that's the good news an
families more vulnerable to the anxiety of today's economy than a broken health care system. so we took up the fight because we believe in america nobody should have to worry about going broke because someone and their family got sick. we believe we are a better country than a country where we allow every day 14,000 americans to lose their health care coverage or wherever i year tens of thousands of americans die because they don't have health care. we felt we were better than that, that is why we took this on. [ applause ] >> and, that's what the government lost a little bit over the last couple of months and our focus rightly had to shift for its working 24/7 to fix the website healthcare.gov for the new marketplace. and today the website is working well for the vast majority of users. more pop up and when we do we'll fix those too. but what we also know is after just the first month, despite the problems in the rollout, about half a million people across the country are poised to gain health care january 1st, for the very first time, we know that. half a million people. [ applause ] >>
's imagine ten million people lose their jobs, we expect to fall off in spending. but the economy is certainly better today than it was in 2009, so -- >> i want to put dollars and cents to this. this is the difference in the cbo projected savings. they're projects $222 billion in a year from medicare and medicaid from this slowing of health care costs. the sequester is $87.9, and the cuts to food stamps is $23.8 billion. >>> i have been on twitter all day about this, they can't find a single positive thing to say about the law. literally it could bring people's health care costs down to zero, they could cure cancer, and conservatives would be shouting from the rooftops that it's a disaster. i think this california thing is hysterical. in part because it's the sort of natural conclusion of the republican panic about this. they vote in mass against the law even though it originated in republican ideas. they vote to try to repeal it unsuccessfully. the website they think will sink it, and then they just throw toilet paper at it. >> and in the absence of a website that wasn't malfunct
or even less than that. so i think that with the onward expansion in our economy the big banks will benefit in 2014. > >thank you for your insights larry. > >thank you. a legal blow is happening to the people of detroit who were hopining to be spared losing pension money in the nation's largest bankruptcy filing. federal judge ruled: the motor city is eligible for chapter 9 bankrutcy protection.the concludes cutting pensions of retired city workers can be included in detroit's financial re- organization. detroit's emergency manager kevyn orr -- appointed by michigan's governor says "we are gratified with court's ruling-- it allows a clean slate and fresh start to remove crushing debt" a national pension fund spokewoman says: " modest pensions of detroits firefighters, police officers, and other city employees could be all but wiped out, even as wall street banks continue to extract hundreds millions of dollars from the city's economy. an attorney tell us city officials cannot sole use pension funds to pay debts. the judge mentioned this, the cuts have to fair and equitable whic
of the ruling party of the region's economies did not go for the draft. this block is the institution buildings in the cabinet of ministers is not the path to european integration but to dictatorship. i am. no clue i demand to stop all legal and lawful decisions to block the building of the government you are sure to be responsible in all the pp push on the wrongful acts will be responsible for this to let you know meanwhile thousands of protesters gathered at the building of the parliament to continue to demand the resignation of the cabinet of ministers and the president. still there we came into vogue for the resignation of the government and the president and so for new elections. why because we do not like being treated as animals. the protests began after the president picked unocal which refused to sign the eu association in the free trade pact but most people went to the streets on sunday after they've been caught so it is violently dispersed the crowd on independence square. the thai government has negotiated a truce with protesters in the streets of the capital for the next several da
. it will be good for our economy. it will be good for our families. [ applause ] number four, as i alluded to earlier, we still need targeted programs for the communities and workers that have been hit hardest by economic change in the great recession. these communities are no longer limited to the inner city. they're found in neighborhoods hammered by the housing crisis, manufacturing towns hit hard by years of plants packing up, land-locked rural areas where young folks oftentimes feel like they've got to leave just to find a job. they're communities that just aren't generating enough jobs anymore. so we put forward new plans to help these communities and their residents because we've watched cities like pittsburgh or my hometown of chicago revamp themselves. if we give more cities the tools to do it, not handouts but a hand up, cities like detroit can do it too. so in a few weeks, we'll announce the first of these promise zones, urban and rural communities where we'll support local efforts focused on a national goal. that is, a child's course in life should not be determined by the zip
on the list, very small gdp, small economy, to run. you get into a bigger economy situation, you didn't see china on the list either. you get into the big -- >> you think it is apples and oranges. >> i think it could be 92 your "forbes" subscription isd. >> in middle class, in states where i am from, they have trouble with small businesses now because of the tax codes. we're printing money. >> how many are they really paying, what are they paying. neil: 29%. >> more than everyone else that is not good. >> how many of largest companies pay zero. neil: also those pay full price, oil companies pay full price, you can average it out, but there is something big going on, psychologically this is a stain that building up over the years, high profile cases got it rolling but i tell you there is something going on. >> i agree. that is why i blame obama administration. i am not trying -- >> i blame rick. >> i blame you. >> we have a since of entitlement. >> where are we going with wonder woman? >> to dc . neil: asking twitter to help pick its 2013 person of the year, we went to twitter to vote cavuto
on the economy. investors, not all of them, rejected that good news on wall street. we will be talking with moody's chief economist john lonski. it's not just the mullen isles, americans just don't trust each other anymore. we explored our countries trust deficit. robbie leatherwood will speak with us next. reporter: vice president aydin in asia, trying to keep the chinese are starting a military conflict. former army four-star general jack keane on what the administration should do next as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i get 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital one. choose 2% cash back or double miles on every purchase, every d. what's in your wallet? i need your timesheets, larry! ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right trac
that it is working. more power to them. this is a capitalistic economy. and people have every right to demand a better wage, and earn a living. and be able to spend time with their families and on things they want to spend it on. >> ryan -- >> investing or -- >> i know we featured your restaurant your chain a few months ago, good to talk to you on al jazeera america, we appreciate your time. brian parker is the co founder of moo cluck moo. in other news now, secretary of state john kerry, made the rounds in the middle east today. he met with israeli is middle east leaders. he also tried to ease concerns to curb the nuclear program. >> let's talk to nick and he is in jerusalem for us, nick, good to see you again. there has been some reaction from the palestinians on this. >> . >> they do not want anything. i think the reason she has emphasissed israeli security. they want to talk about their state, and how lit be a viable continuous state. and the problem is that he is trying to do both at once, and he is clearly angry both sides at the same type. >> all right. nick and what's left? how much m
. look. it's a disaster. they didn't try to go after the economy. they should have tried to fix the economy. instead they focused time on a broken program by pulling in conservative concepts into a health care plan. >> that's -- >> oh. >> that's the reality. the main fundamental promises. keeping your plan, your doctor, saving $2500 per family per year, not true. you may trust him but you are one of five people in the country that believe him. >> you know me. >> i totally agree. there was over simplification. >> why are you having a hard time admitting it's not true? >> just the individual market there are ebbs and flows. that's natural. not everyone can keep their plan. >> they knew, read the november 2 edition of the wall street journal. they were debating in jewel of 2010 whether to tell the truth. they decided against it. here you are. he could have said it better. could have done this. they knew from the beginning. it was over simplification. absolutely true. >> they crafted the talking points to be that way. don't lie, emily. >> emily? >> i'm not going to agree. >> that's
recession. but what kind of jobs is the economy creating? an ice storm causes havoc in the middle of the country. manuel bojorquez is there. and allen pizzey on the years that made the man. >> for 18 of the 27 years he spent in prison, nelson mandela walked down this corridor everyday and at the end of that walk there was no freedom, there was this. >> reporter: with bob simon on the moment he was free. >> after 27 years, his head was high and his fist was clenched. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. the south african government announced today that the state funeral for former president nelson mandela will be a week from sunday-- the culmination of days of memorial services. president obama will lead the u.s. delegation and he's invited the former american presidents to join him. mourners continued to gather today at mandela's home in johannrg died last night and at his former home in soweto. and for us, no one image captured his legacy better than this-- blacks and whites side by side honoring the father of a mu
the local economy a boost in the process. >> there are a lot of other satellite businesses that depend on us growing, too, so this project, you know, there were several hundred people that, you know, went to work bringing the electrical, the construction, all those other pieces here to support our efforts to satisfy our customers. >> reporter: among those other businesses, barry swenson builders, busting out of the construction slump with more tech industry-fueled south bay real estate projects than they've seen in years. >> absolutely. and actually a little by concerned about what we're going to do come late spring. >> reporter: because? >> because we have so much volume at this point, and just want to make sure that we have the right people in the right places to make sure those jobs get done correctly. >> reporter: the busier they are in here, the busier they'll be out here. >> we think it hopefully will continue into the next couple years. >> reporter: gradually building up the local economy. now, the jobless rate for the entire country came in today at 7.0%. the lowest rate we've seen i
in germany the country's central bank has forecast even brighter days ahead for europe's biggest economy despite losing steam in the third quarter the bushes and has raised its projection german economy to grow as much as half a percent this year. in twenty fourteen it sees one point seven percent growth and that could rise to two percent in twenty fifty what is on president pointed to the country's low unemployment rates increased hiring and study. find out all the years went down on the markets returned to our reporter because i was. it stopped an optimistic outlook for the german economy from the united states is well positive data came in which shows that the recovery of the economy there is stronger than anticipated. contrary to the tenancy all week the market did not take this as an opportunity to be concerned about the potential he only on phasing out of the monetary stimulus by the center backs. nope the dax is up again and with it. the hopeful of the year end rally is back again which is the hope that stock prices hero will be rising with the end of the year. i am trying to say
, it will harm the economy. unemployment insurance is one of the most effective way there is to boost the economy. when more people spend money on basic necessities, it means more customers and more jobs. the evidence shows that unemployment does not stop people from trying to hard work -- stop work -- trying hard to find work. if we stopted that it now it will be a drag on the economy next year. another estimate thinks it can cost businesses to wondered 40,000 jobs. without the ability to feed their families or pay bills, many people currently looking looking forld stop good. extending unemployment insurance is not just the right thing to do for our families, it is the smart thing to do for our economy. it should not be a partisan issue. for decades, congress has offered to vote for relief for job seekers. now that economic lifeline is in jeopardy all because republicans in the congress, which is on track to be the most unproductive in history, has so far refused to extend it. in this holiday season, let's give our fellow americans were desperately looking for work the help they need to keep on
's economy. when you divided it out it was about $400,000 per job. the problem with a government stimulus is you pick the winners and losers. with this stimulus that i'm talking about, a free market stimulus, you simply leave the money in the hands of those who earned it. so the customers have actually picked out the successful people, the ones they choose to buy products from. those people get more money. like i met a young man, young african-american man who has his own restaurant. his first question is, do you have any tax breaks for me for my business? that's what this would do. it would help people who are already in business and trying. >> i don't have to tell you, senator, that republicans have a steep hill to climb in inner city neighborhoods. in the city of detroit in november, 97% of detroit voters supported president obama. 2% voted for romney. the black unemployment rate nationally is still 12.5%. and right now president obama is calling out the gop for what he says is your party's refusal to extend long-term unemployment benefits. take a look at what he said this week. >> for
overnight now if the economy. whaley hiding in the fall. it's the markets are expecting and it is a meeting in the folds our ukraine so it is a very serious situation the ukrainian central bank that's all it is almost grown it doesn't have any money and won't be able to support the ukrainian currency going forward. unless you train gets credits immediately. a tiny baby genius denying a half months to sell us oil joint exploring fish a look at me with only the least for the mine. the demonstrators and i refusing to meet the training site despite the heavy police presence saying the court of asian extraction method could permanently damage the environment is the capital for custody. in a remote part of romania ideal rage and fury protesters stormed the work site operated by chevron. police responded with full force those who didn't leave willingly were dragged away so you can see at sony up in my country i live in the place for scenes of the high political price taste of home projects the company front of the net the the people here want to know is who will protect them from big business. th
of stops and starts the u.s. economy may actually be in a steady recovery. the unemployment rate is the lowest in five years. home sales and prices are up, stocks are rising, and gas prices are falling. not everyone is feeling it though. a new cnn poll show that is a quarter of the public believes things are getting better. nearly 4 in 10 say it's getting worse. joining me now, kevin has set, former economic adviser to mitt romney, "new york times" economic policy reporter annie lowry, and mark stazandi. is this real? the worst has happened and we're on the road to recovery, yes? >> yes. i think we're clearly in a strong recovery now. if you look at the inflection and the data over the last couple months, it's really the best couple of months i have seen since the great recession began. consumer confidence is soaring. auto sales jumped up to 16.4 million above the 16 million number which is kind of like the 98.6 for the economy. everything is looking good. it's that rare moment where we seem to be right on the verge of a boom. >> wow. could something mess with it? >> oh, yeah, su
on this side of this house would have broken the british economy in the first place. >> he talks about the recovery and there might be a recovery for the rich, but for everyone else -- he will not stand up to the powerful and he will not stand up for the week. -- the weak. but when it comes to being a loyal deputy to a tory prime minister, he will rake all of -- he will sell out all of his principles. the truth is, if you will not freeze energy bills and scrap the bedroom tax, it will not be the tories. it will not be the lib dems. it has got to be labor. >> mr. speaker, they are not a government in waiting. they are not even an opposition in waiting. it is 18 months before the next general election and we still have no clue what the labour party would actually do. we do know a few things. and energy con that would see prices go up and not down. no apology for crashing the economy in the first place and a , total failure to stand up to the trade union partners. if they cannot manage to come up with a sensible policy, if they cannot manage their own party, why should anyone think that t
further residents in their local economy. the stores of individuals that have chosen to participate in the respective pace programs and the successes they have experienced. these can save on monthly utility.bill tos the tune of tosses of dollars, from the beginning of this process, we wanted to make sure this finance tool had a strong workforce component tied to it. we convened meters with our partners and labor to start discussions with how that work component would look like. it's a key to not getting them job today and keeping them employed but to help them find meaningful careers and new economy ins the green collar economy that continues to grow. we want our local workers to have the skills necessary to take part in that e -- emerging industry. we want to ensure local residents are working on local contracts on local projects so we keep money and workflow within san francisco and continue to boost our local economy. i want to thank pat muligan from city build in particular, for all their hard work in the workforce component on that as well. we are confident that san francisco'
economy and creating more jobs for the american people. that's where the focus is, not more government programs. >> we have a responsibility as american people, people who have played by the rules and lost their job through no fault of their own. and need these benefits in order to survive. >> nbc's capitol hill correspondent kelly o'donnell joins me. the budget is the critical issue but the debate over extending the unemployment benefits set to threaten all of this and the "washington post" reports there are capitol hill aides who say tlsz little chance of it passing before congress leaves for their break. >> reporter: there's a weariness with so many of these fiscal deadlines we've had. we're talking about unemployment benefits for the longest term unemployed, people who really have had a hard time for a long time and congress is not necessarily in the mood to make this a line in the sand issue. clearly some democrats want to see action on this to extend the benefits and some republicans do not in part, for example, one point of view from rand paul of kentucky, saying that by extendi
by for the latest read on the economy. initial jobless claims and personal consumption on deck. we have a jobs report tomorrow. michael mckee has the real deal on the numbers. data, two other central banks have their decisions -- no change on the ecb or the bank of england. >> but it does tell us something. there are implications for both of the banks in making no decisions. the bank of england, their economy is picking up and the government raise their economic nexth forecast to 2.4% year. should that push up inflation, they have a problem. they are already at 2.6%. by doing nothing, the bank of england tells us they do not think inflation will be a problem. across the channel, to the ecb, their problem is inflation is too low. it was at 0.9% in october. their decision says they are staying put and they do not need to take additional action as it did last time with a cut in interest rates, so they are on hold, but we will watch what mario draghi says. they're expected to put out new forecast for the next two years and their first look at 2015, and people will try to extrapolate where they thi
. the notion that u.s. companies by aning hurt i this nsa program is a great concern to the u.s. economy when you have politicians talking about how they want more of the economy to look at the big tech company. the tech companies think this is ability to grow businesses internationally. >> how do you think the white house will respond to this? is an open question. this white house has really been dragging their heels on concerns that people have raised about national security. trying to build out the infrastructure. whether businesses have more sway in the white house, traditionally has always been the case. we will see if these companies forget the industry. some of the biggest companies in the world are signing these. those companies, one would imagine, would have a lot of swipe. cory johnson, editor-at- large, thank you. i want to bring in michelle she focuses one cyber and government transparency issues like the foreign surveillance act. she joins us from washington, d.c. it a little ironic given that many of the technology companies have been cooperating? is this just political posturin
. they are expected to rise slightly to 318,000. in the meantime, a revision to gdp is seen showing the economy grew if a pate of 3.2%. both of those reports will be out at 8:30 eastern time. at 10:00, look for october factory orders. in europe we'll get an interest rate decision from the bank of england at about 7:00 eastern time and one from the ecb at about 7:45. the european central bank is widely expected to leave interest rates unchanged at its final policy meeting of the year. last month, though, policymakers surprised the markets with a cut in the interest rate to a record low of 0.25%. we'll check in with ross westgate in just a few minutes. >>> the dow and the s&p are now on a four-day losing streak. this morning, futures are around the flat line. down by about 2.5 points for the dow, down by 0.5 for the s&p and the nasdaq is up by 4 points. november same-store sales will be coming in throughout the morning. cosco's comps rose by 2% during the month. that was short of what the street had been expecting. you had lower gasoline prices and weak foreign currencies. both of those ended up hurti
collective plan to have a thriving economy. we share best practices and collaborate to educate the public. and we've realized on many of you who are in the audience. let's get back to where i started people who are crazy enough to think they can change the world do we have them here from leader nancy pelosi who has been protecting the environment to mayor ed lee who is building the extension programs who has helped to there our focuses and effectiveness and strengthen our role 90 in government and the architect is being trormd. we should all take heart from their transformational change. we've shown we can continue our focus to our values we'll indeed have an impact on the federal government in the lives of the american people and hopefully on the world stage where america continues to lead. now we have a woman who needs little introduction nancy pelosi is the representative for the one hundred and 31st congress reforming the political system to create clean campaigns and concocting reforms and slurring the neighborhoods and scalds. from 2007 to 2011 she served in the house of representat
and transitional is an important part of our city to be able to compete in an economy. so the mayor and i have the honor of going to all the ribbon cuttings participate in the south of middle market. this is the first incubator space we're coming to which is an international collaborative workspace. i was speaking with some of the employees how many of us came to san francisco 13 years for the first dot come boom. many folks went from the colleges to the hot economy at that time. of course, we had the bust will cycle that followed and we're seeing something that's exiting the diversity of the economies and the businesses are incredible. this is excited about this step we're seeing on international collaboration this notice not just in san francisco but in asia. i'm sure you're aware it's been the mayors responsibility to collaborate to share ideas together. that's how innovative business and products are going to be created and brought together for our people. so i'm also here on behalf of the 11 members of the board of supervisors to welcome digital garage d g 717 to the south of market. i ha
of to witness the clean up air energy economy we know this could trigger a market transformation for the evolution we're witnessing but in order to unleash the potential we must provide the cat lift for a are you unnecessarily product and services. that catalyst as i mentioned it green finance sf. we've seen other parts of the state here in california that have adapted pace programs like in riverside county and have each year the positive impacts. we know the stories of individual that have benefited from the pace programs. we know those upgrades can save money for crucial home improvement projects but illuminate bills. in the future it was important for mayor ed lee and i to make sure this finance had a strong workforce component. we had meetings with our partners in labor to start the conversations and we know that training and employees for jobs in the many energy economy is key to keeping them employed but helping them find meaningful careers and building their families within your borders. we have clean energy we want our workers to benefit. we're going to continue to work f
of detroit's economy sold more cars than expected in november. but can the pace of sales continue into the new year? >> and falling behind, american students are lagging other nations in reading, math and science. what changes need to be made to ensure future generations can compete in a global economy? we have that and more tonight on "nightly business report" for this tuesday, december 3rd. >>> good evening everyone and welcome. i'm tyler mathisen. remember how great the month november was for stock investors, records and consecutive weeks of gains? hold that thought because so far december has gone the other way. fast. in fact, the dow and s&p 500 today ended lower for a third straight session. logging their biggest three-day decline in two months. some on wall street say stock prices are too high and they are taking profits and there is a pull back and this is the start of it, or maybe consumer spending, soggy so far this holiday season or the fed's seeing the blowout auto sales? we'll start pairing back on stimulus soon. whatever the reason the market sold off again today. th
the economy is going to do this year and next ahead of the election. >> yeah. i think the likelihood is that the economy will continue to grow at a 2% to 2.5% late next year. that's decent, but it's not stellar. given all they have said about reducing the deficit over the next few years, it leaves room for cutting taxes. i think what the uk needs is a rebalancing towards investment and exports. the government realizes this and i think as a consequence it's unlikely to do things to throw additional fuel on the fire of consumption. >> do you think the government is doing enough? are you expecting any measures, say, on planning tomorrow from the troika? would that have helped? we had construction pmis this week very strong, rising like a phoenix out of the ashes. but many suppliers saying the supply side of that market is still very, very underperforming. >> yeah. i mean, when it comes to the supply side of the uk housing market, it really is down to things like change, having a look at the green belt legislation, trying to, you know, incentivize local authorities to watch the yen gauge
"happening now" ♪ ♪ jon: good morning on this wednesday. the president giving a speech on the economy today to talk of obamacare again. all part of a three-week pr blitz to convince americans to sign up and soon. hello, i am jon scott. jenna: i am jenna lee. the presidents common coming on the heels of the enrollment website 631 the website is trying to put the botched rollout behind it. getting that millions of enrollees getting the health care law work. the deadline to sign up for coverage next year is december 23. let's talk about with karl rove, a senior adviser and deputy chief of staff to president george bush. he is also a fox news contributor. that was part of her job when you are there to get the message out and get the programs in the public eye. can the president resell a program that has had such a difficult time? >> they had an enormously bad first impression and it is hard to convince people that this program isn't fundamentally flawed. there's a lot more bad news than there is good news. millions have lost their private insurance coverage and they are finding that when they g
inequality is jeffer dieing the middle class and he wants to make sure that the economy works for everyone. who was this speech directed at. >> reporter: that's a great question. you have look it's a it italy a political spectrum. it was directed to the left. they have been very displeased, disillusioned. look flo further than the last two months, the bunkelled roll out of healthcare.gov . it has not gone well and it's reflecting poorly in the polls. there is an election coming up for every member of the house of representatives. next year there is a third up for grabs in the senate the centecenter for american progres guaranteeing that the president's message will be amplified at the people it's aimed at. a theme that the president has concentrated on throughout the course of his speeches. echoing themes from a hundred years prior that theater roosevelt hit on. he spoke to a number of key con sit sent groups. women talking about equal wages in the work group. nondiscrimination against gays in the workplace. he talked about the affordable care act and called it a powerful piece of legisla
in economy. jobless claims below 300,000, what is this, new strength in america? >> we're going to have to go, the fed said over and over again we're going to need to see three or four months of good economic figures. let me make it as simple as possible. the battle, the war next year, the wages fought on this floor and wall street is between two calms. those that think that qe is responsible for the rise in equity prices and those that think the economy is improving and justifies the rise in equity prices. they're going to battle it out in 2014 and the fed is stuck in the middle. we've got an exciting year ahead of us. stuart: in five seconds, whose side are you on? >> i'm on the side, the qe way outpaced the economy. main street has been left out. stuart: thank you very much, scott shellady. check the big board, here we go, off and running and strong news on the economy and the market has opened lower, pointing to a loss of 30, maybe 40 points when we're fully off and running. now, this, it's the world's largest mobile market. china, 700 million potential subscribers and now apple inked a d
americans back to work is to fix the economy. and we talked about obamacare. he said that he is willing to look at a plan to extend unemployment benefits if the president presents one -- if president obama shows him one, but he said the president has the focus. >> the president is more focused on inkoreaing reliance on programs than creating better jobs. republicans continue to focus on strengthening the economy for middle class citizens. >> a fundamental difference there. republicans saying there are other ways to help americans, democrats pushing for the extension while trying to work on broader economic issues. >> libby casey thank you. >>> tomorrow the labor department releases the jobs numbers for november. >>> some fast-food workers are on the picket line instead of working today. strikes are taking place in in about a hundred cities. the dedemand, higher pay. tonya mosley shares the story of a 35-year-old mother of three raising her family on $9.31 an hour. >> it's 2:00 and mya molina's five-hour shift at kfc is over. she is off to pick up her youngest son from day care before he
house. president obama is renewing his call to raise the minimum wage. >> making sure our economy works for every working american. >> reporter: the national restaurant association says most fast food workers are happy and labor unions are staining these demonstrations. >> you cannot be an employee and be demanding salary based on your needs. salaries have to be based on the economy and what the economy in the area can bear. >> reporter: organizers say they are planning more protests in the future. danielle nottingham, cbs news, washington. >> well, the stars sure came out last night in rockefeller center. the christmas tree is now in place. mayor michael bloomberg turned on the lights that illuminated a dazzling display of 45,000 multicolored led lights. it's a 76-foot spruce tree from connecticut. it is part of a ceremony that dates back to 1933. this tree you see here will be on display till january 7. afterward it is will be milled into lumber and it will be donated to habitat for humanity. >>> the holiday decorations are up inside the white house. first lady michele obama helped us
is still struggling to turn its economy around, but a the head of the investment agency in greece says the government is reforming the business envirnment to attract overseas capital. >> greek government mandated by the greek people embark on a major overhaul of all sectors of the economy, so a structural reform, a huge structural reform has been undertaken at the same time. >> greece's economy is expected to contract this year for the sixth consecutive year. the government forecasts though the gdp will grow in 2014 as global demand gradually picks up but austerity measures keep pressure in people's lives. the jobless rate remains the highest in the eurozone. >> the unemployment is soaring and this is a very important problem, especially among youth, when it is a time that the people need to hone their skills. unfortunately, they are left without a job, so no one can overlook this, but that's exactly what we're trying to accomplish, and that's why we have placed the attraction of fdi right at the center of our efforts. >> oesias says the greek government is making it easier for foreign
. >>> more good news about the economy coming right in time for christmas. we'll tell you all about it in business and tech. >>> plus, bat kid. the sequel. we'll tell you why the caped crusader is coming back to the city by the bay. >>> the classic baby bouncer just got a high-tech makeover. but it's not sitting well with everyone. fisher-price added an ipad holder so kids can play with the gadget while they bounce around. the company calls it the app-tivity seat. but many are slamming it. that's because the american board of pediatrics recommends no screen time for kids under 2. >>> the dow is higher after new data showed the economy is growing, scott mcgrew, much faster than anyone thought. >> good morning. the american economy added 203,000 jobs in the month of november. much bigger than the 180,000 that economists were predicting. this pushes the unemployment rate down to 7%. this is particularly good news in retail. it's good news for construction. and it's really good news for women. as we have seen for quite some time now, women are getting jobs much more quickly than men and
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